224 E 20th Street

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224 E 20th Street

North Wildwood, NJ 08260-0
Asking Price
Contact for price
Asset Type
Apartment Building Multifamily
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Located at 224 E 20th Street in North Wildwood, New Jersey.
  • The asset functions as a residential apartment building.
  • The property structure comprises three individual rental units.
  • North Wildwood is a established coastal destination for investors.
  • The location serves both seasonal tourism and local residents.

What's Special

North Wildwood serves as a prominent coastal destination in New Jersey, drawing seasonal tourism and maintaining a steady year-round residential population. The community is well-known for its accessibility to beachside attractions and regional transport corridors, positioning it as an established market for residential investment. Situated at 224 E 20th Street, this multifamily asset provides a direct entry point into the local housing sector within this highly sought-after shore submarket. This apartment building consists of three distinct units, offering a manageable scale for investors looking to expand their portfolio in a coastal environment. Given the layout and residential zoning of the area, the property is suitable for long-term rental income or potential seasonal leasing strategies. The building provides a clear opportunity for operators to acquire a multi-unit asset in a location defined by consistent demand for proximity to the Atlantic shoreline and local commercial hubs.

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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547

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